FAPS Recap

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Across
  1. 3. acting honestly
  2. 5. Revenue less COS
  3. 8. To get a profit, ... > expenses for the period
  4. 10. A British Value
  5. 11. Income earnt, not yet received
  6. 16. Receivable and payable with the same company
  7. 20. Where we would post the unknown half of a double entry
  8. 21. Uncleared ... - cheques paid into bank account, not yet cleared by banking system
  9. 22. act with caution!
Down
  1. 1. Knowledge,...,Behaviours
  2. 2. Error where entry is made to the wrong type of account
  3. 4. Inventory valued at ... of cost & NRV
  4. 5. Entity to continue trading for atleast next 12 months
  5. 6. First name of the safeguarding officer at Kaplan
  6. 7. money taken out of business for personal use
  7. 9. Expense paid for, not yet incurred
  8. 12. Dr ..., Cr accum depn
  9. 13. VAT cannot be reclaimed on this purchase
  10. 14. Type of debt that needs to be removed from accounts
  11. 15. A-L=C-...-D
  12. 17. VAT charged on sales
  13. 18. One of the enhancing characteristics
  14. 19. allowance against receivables as a whole